The Enforcement Directorate (ED) has summoned Anil Ambani for questioning on August 5 in the national capital. This is in connection with an investigation into an alleged loan fraud of Rs 12,500 crore. The development follows multiple searches the ED carried out at 35 locations in Mumbai, targeting business entities linked to the Anil Ambani group under the Prevention of Money Laundering Act (PMLA). The probe agency’s action is also based on findings from a separate investigation by the Securities and Exchange Board of India (SEBI). A key point in the investigation is an alleged diversion of funds, with the transcript stating, "The development actually came after the SEBI shared with the enforcement directorate the findings of a separate probe that launched into the alleged diversion of 10,000 crore by the Reliant infrastructure."
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